U.S. Fund Managers Experience Bumper First-Quarter Results

FUNDS

Fund managers had a bumper first quarter this year, breaking a run of poor quarterly results for all of last year, sources say. Ferrell Capital Management's Ferrell FX Index, a benchmark for tracking the performance of multi-advisor currency portfolios, rose 13 per cent during the first quarter, the fourth-largest rise since the Greenwich, Connecticut-based global trading manager began releasing such information in 1991.

The best-performing of the 38 currency programs contributing to the ind